Following the announcement of the Greek economy’s performance in the third quarter, the chances of 2025 closing with a growth rate higher than 2%, as predicted by the final budget draft, are limited.
The Greek economy did not manage to record a growth rate higher than 2%, despite the very large increase of investments, as well as the positive course of the external balance and consumption.
Now the “bet” of +2.2% for the whole of 2025 will be won only if a very large increase in economic activity is recorded in the fourth quarter, which will largely be determined by the course of economic activity, and especially consumption, during the Christmas holidays.
In order to achieve the latest goal of the government’s economic staff, +2.2%, GDP in the fourth quarter will have to record an outperformance and grow at a rate of 2.8%, which is not easy. Last year, GDP in the fourth quarter increased by 2.4%.
December is the most critical month, at least in terms of consumption, so everything will be judged in the remaining weeks.
With a performance of +2% for the third quarter, Greece ranks 14th in the EU for the period July – September.
It converges slightly with the EU average, which is now 1.6%, but also with the corresponding Eurozone average, which is limited to 1.4%, but it sees many other countries in both southern Europe and the Balkans moving away.
The top performance for another quarter was recorded by Ireland with a rate of 10.9%, followed by Denmark (3.9%), Poland (3.8%) and Cyprus (3.6%).
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